The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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The close: TSX falls as BMO earnings weigh on banks May 24th
S&P 500 closes at record following Fed minutes
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The best GIC rates in Canada for 2025 + MORE Dec 29th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Is Credit Card Debt Good for Canada’s Big Banks? + MORE Apr 22nd
The dangers of taking on too much debt are a constant narrative in Canada, especially as the economy takes a turn for the worst. Today’s environment of high unemployment, low oil prices and tepid growth forecasts prompt a stern warning for consumers to resist borrowing too much, as exposure t.... More »
Rising Interest Rates Expected to Boost Bank Earnings & Payouts Aug 20th
The Globe and Mail, David Berman, 19 August 2018
Concerns about the Canadian housing market have been weighing on bank stocks this year, and it’s likely that these concerns will be a focal point for investors as the big banks roll out their fiscal third-quarter results starting this week.
Roya.... More »
The close: TSX ends higher, boosted by Bombardier, banks May 29th
Trading quiet as U.S., Britain and China markets closed for holidays
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How Do Negative Interest Rates Work?
– ratesupermarket.ca
Bank of Canada Governor Stephen Poloz has made a bit of a name for himself as a loose cannon – from “spaghetti sauce” metaphors to branding the economy’s prospects as “atrocious”, his comments tend to make headlines. His most recent comment is no exception, as he has stated that dipping into the negatives with interest rates – a scenario reserved for dire economic times – is not completely off the table.
“The bank is now confident that Canadian financial markets could also function in a negative interest rate environment,” Poloz said while addressing an audience at the Empire Club in Toronto. The statement caught economists off guard, and has raised questions about what a negative monetary policy in Canada would look like. Here’s a look at how consumers – and the banks – could be affected.
A Worst-Case Scenario
However, Poloz made it clear this is a only hypothetical situation in a worst-case scenario. The BOC has no intentions of introducing negative interest rates any time soon…
How Do Negative Interest Rates Work?
– ratesupermarket.ca
Bank of Canada Governor Stephen Poloz has made a bit of a name for himself as a loose cannon – from “spaghetti sauce” metaphors to branding the economy’s prospects as “atrocious”, his comments tend to make headlines. His most recent comment is no exception, as he has stated that dipping into the negatives with interest rates – a scenario reserved for dire economic times – is not completely off the table.
“The bank is now confident that Canadian financial markets could also function in a negative interest rate environment,” Poloz said while addressing an audience at the Empire Club in Toronto. The statement caught economists off guard, and has raised questions about what a negative monetary policy in Canada would look like. Here’s a look at how consumers – and the banks – could be affected.
A Worst-Case Scenario
However, Poloz made it clear this is a only hypothetical situation in a worst-case scenario. The BOC has no intentions of introducing negative interest rates any time soon…
National Bank of Greece sells its Turkish Finansbank unit to QNB for 2.75 billion euros
– canadianbusiness.com
ATHENS, Greece – National Bank of Greece says it has agreed to sell its Turkish Finansbank unit to Qatar National Bank for 2.75 billion euros ($3 billion).
An NBG statement says the transaction will boost its liquidity by a total of about 3.5 billion euros, as once it is completed QNB will provide an extra 910 million euros to cover a Finansbank debt to the Greek lender.
NBG shares on the Athens stock market were trading 9 per cent up after Tuesday’s announcement, at 0.34 euros.
NBG said funds raised will be used to repay state aid worth about 2 billion euros, cut financing requirements and reduce exposure to emergency central bank liquidity.
Greece’s banks have been forced to drastically boost their capitalization as a result of the country’s acute financial crisis.
The post National Bank of Greece sells its Turkish Finansbank unit to QNB for 2.75 billion euros appeared first on Canadian Business – Your Source For Business News.
An NBG statement says the transaction will boost its liquidity by a total of about 3.5 billion euros, as once it is completed QNB will provide an extra 910 million euros to cover a Finansbank debt to the Greek lender.
NBG shares on the Athens stock market were trading 9 per cent up after Tuesday’s announcement, at 0.34 euros.
NBG said funds raised will be used to repay state aid worth about 2 billion euros, cut financing requirements and reduce exposure to emergency central bank liquidity.
Greece’s banks have been forced to drastically boost their capitalization as a result of the country’s acute financial crisis.
The post National Bank of Greece sells its Turkish Finansbank unit to QNB for 2.75 billion euros appeared first on Canadian Business – Your Source For Business News.
INFOGRAPHIC: The Top Mortgage Moments of 2015
– ratesupermarket.ca
Who says monetary policy has to be boring? It’s been a turbulent year – for borrowers, lenders and policy makers. It’s no wonder Bank of Canada governor Stephen Poloz has been recognized as Canada’s 2015 Business Newsmaker of the Year by The Canadian Press.We’ve highlighted the top mortgage news moments of the year below. Want to read more about each newsmaker? Scroll down for our top headlines by month.
Read More About the Mortgage Moments of 2015
January
Bank of Canada Cuts Interest Rate to 0.75%
Banks Cut Prime to 2.85%
Are Oil Prices Housing’s Kryptonite?
February
How Will Lower Oil Affect the Calgary Housing Market?
CMHC Q1 Report Calls for Housing Market Slowdown
March Rate Cut Looks Less Likely
March
Detached Home Prices Top $1 Million in Toronto
New IMF Warnings for Canada’s Housing Market
BMO Drops Mortgage Rate to 2.79%
April
Atrocious Economic Conditions Expected for Q1
CMHC and Genworth Hike Mortgage Insurance Premiums
Meridian Introduces 1…
INFOGRAPHIC: The Top Mortgage Moments of 2015
– ratesupermarket.ca
Who says monetary policy has to be boring? It’s been a turbulent year – for borrowers, lenders and policy makers. It’s no wonder Bank of Canada governor Stephen Poloz has been recognized as Canada’s 2015 Business Newsmaker of the Year by The Canadian Press.We’ve highlighted the top mortgage news moments of the year below. Want to read more about each newsmaker? Scroll down for our top headlines by month.
Read More About the Mortgage Moments of 2015
January
Bank of Canada Cuts Interest Rate to 0.75%
Banks Cut Prime to 2.85%
Are Oil Prices Housing’s Kryptonite?
February
How Will Lower Oil Affect the Calgary Housing Market?
CMHC Q1 Report Calls for Housing Market Slowdown
March Rate Cut Looks Less Likely
March
Detached Home Prices Top $1 Million in Toronto
New IMF Warnings for Canada’s Housing Market
BMO Drops Mortgage Rate to 2.79%
April
Atrocious Economic Conditions Expected for Q1
CMHC and Genworth Hike Mortgage Insurance Premiums
Meridian Introduces 1…
